Quote:
Originally Posted by gunnut
What is the loss of value? Compared to what? What time frame?
High inflation? What is the current inflation rate? What is the average inflation rate of western Europe?
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Loss of value vis a vis other currencies, especially is an import based, consumer driven, economy. Also the loss of value in comparison to the dollar's value in years past, it take more dollars now to buy the same basket of goods purchased last year.
2007 Inflation Rates by Country, nevertheless, please note that inflation cannot really be compared between nations. When comparing currencies across nations , the appropriate measure is the
exchange rate.